Seller's Agent in 2023
The Lara & Chelsea Collaborative
Coldwell Banker Realty - Wellesley
(617) 686-4110
1 in this area
154 Total Sales
40 Fay St Unit 506 Boston, MA 02118
South End NeighborhoodEstimated Value: $844,000 - $1,046,000
2
Beds
1
Bath
1,039
Sq Ft
$850/mo
HOA Fee
Highlights
- Medical Services
- Property is near public transit
- Community Garden
- Landscaped Professionally
- Corner Lot
- 3-minute walk to The Underground Dog Park
About This Home
As of March 2023Price Improvement!! Trendy South End designer CORNER Loft converted into sun-drenched 2 bedrooms, 1 bathroom apartment in a professionally managed elevator building, Gateway Terrace. Masterful renovation completed in 2019, including Carrera Marble double vanity sink in bathroom, built-in dining nook, great use of space throughout with ample storage. Chef’s kitchen with breakfast bar area, stylish custom cabinetry and stainless-steel appliances. Also includes in-unit laundry, air conditioning and additional storage next to 1 garage parking spot. Clean lines with great views in the vibrant SOWA art neighborhood. Large Common outdoor space with grilling area, beautifully landscaped. Great value living in the South End, 2 blocks from Whole Foods, Tatte, Restaurant Row, shops, and Medical Area, close to all major highways, easy access to transportation. Not to be missed!
Last Agent to Sell the Property
The Lara & Chelsea Collaborative
Coldwell Banker Realty - Wellesley Listed on: 12/01/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,085
Year Built
- Built in 2006
Lot Details
- Landscaped Professionally
- Garden
HOA Fees
- $850 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Tuck Under Parking
- Parking Storage or Cabinetry
- Garage Door Opener
- Deeded Parking
Interior Spaces
- 1,039 Sq Ft Home
- 1-Story Property
- Intercom
- Laundry in unit
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Outdoor Features
- Courtyard
- Patio
Location
- Property is near public transit
- Property is near schools
Utilities
- Forced Air Heating and Cooling System
- 2 Cooling Zones
- 2 Heating Zones
- Hot Water Heating System
Listing and Financial Details
- Assessor Parcel Number 4705818
Community Details
Overview
- Association fees include heat, gas, water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash, reserve funds
- 138 Units
- Mid-Rise Condominium
- Gateway Terrace Community
Amenities
- Medical Services
- Community Garden
- Common Area
- Shops
- Elevator
- Community Storage Space
Recreation
- Park
- Jogging Path
- Bike Trail
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 1, 2022
Closed on
Mar 31, 2023
Sold by
Hoffman Benjamin R and Hoffman Allison
Bought by
Santini Juan
Seller's Agent
The Lara & Chelsea Collaborative
Coldwell Banker Realty - Wellesley
Buyer's Agent
Trevor Wissink Adams
Real Broker MA, LLC
List Price
$935,000
Sold Price
$869,000
Premium/Discount to List
-$66,000
-7.06%
Views
74
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,470
Avg. Annual Appreciation
2.40%
Original Mortgage
$782,100
Outstanding Balance
$760,074
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$159,396
Purchase Details
Closed on
Jan 12, 2022
Sold by
Hoffman Benjamin R
Bought by
Hoffman Benjamin R and Ruel Allison
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$677,500
Interest Rate
2.38%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Feb 7, 2018
Closed on
Apr 2, 2018
Sold by
Tedosio Laura A
Bought by
Hoffman Benjamin R
Seller's Agent
Curtis Group
Compass
Buyer's Agent
Curtis Group
Compass
List Price
$899,000
Sold Price
$889,000
Premium/Discount to List
-$10,000
-1.11%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.46%
Original Mortgage
$711,200
Interest Rate
4.38%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Santini Juan | $869,000 | None Available | |
| Santini Juan | $869,000 | None Available | |
| Hoffman Benjamin R | -- | None Available | |
| Hoffman Benjamin R | -- | None Available | |
| Hoffman Benjamin R | $889,000 | -- | |
| Hoffman Benjamin R | $889,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Santini Juan | $782,100 | |
| Closed | Santini Juan | $782,100 | |
| Previous Owner | Hoffman Benjamin R | $677,500 | |
| Previous Owner | Hoffman Benjamin R | $711,200 | |
| Previous Owner | Teodsio Laura A | $387,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2023 03/31/23 | Sold | $869,000 | -3.3% | $836 / Sq Ft |
| 02/12/2023 02/12/23 | Pending | -- | -- | -- |
| 01/17/2023 01/17/23 | Price Changed | $899,000 | -3.9% | $865 / Sq Ft |
| 12/01/2022 12/01/22 | For Sale | $935,000 | 0.0% | $900 / Sq Ft |
| 06/27/2019 06/27/19 | Rented | $3,850 | 0.0% | -- |
| 06/27/2019 06/27/19 | Under Contract | -- | -- | -- |
| 05/31/2019 05/31/19 | For Rent | $3,850 | 0.0% | -- |
| 04/02/2018 04/02/18 | Sold | $889,000 | -1.1% | $856 / Sq Ft |
| 02/17/2018 02/17/18 | Pending | -- | -- | -- |
| 02/07/2018 02/07/18 | For Sale | $899,000 | 0.0% | $865 / Sq Ft |
| 12/15/2016 12/15/16 | Rented | $3,400 | 0.0% | -- |
| 10/31/2016 10/31/16 | Price Changed | $3,400 | -5.6% | $3 / Sq Ft |
| 10/24/2016 10/24/16 | For Rent | $3,600 | -- | -- |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,386 | $810,500 | $0 | $810,500 |
| 2024 | $9,378 | $860,400 | $0 | $860,400 |
| 2023 | $9,056 | $843,200 | $0 | $843,200 |
| 2022 | $9,085 | $835,000 | $0 | $835,000 |
| 2021 | $8,736 | $818,700 | $0 | $818,700 |
| 2020 | $7,406 | $701,300 | $0 | $701,300 |
| 2019 | $7,175 | $680,700 | $0 | $680,700 |
| 2018 | $7,279 | $694,600 | $0 | $694,600 |
| 2017 | $7,005 | $661,500 | $0 | $661,500 |
| 2016 | $6,997 | $636,100 | $0 | $636,100 |
| 2015 | $7,134 | $589,100 | $0 | $589,100 |
| 2014 | $6,725 | $534,600 | $0 | $534,600 |
Source: Public Records
Agents Affiliated with this Home
-
The Lara & Chelsea Collaborative
-
Trevor Wissink Adams
Buyer's Agent in 2023
Trevor Wissink Adams
Real Broker MA, LLC
(617) 874-0736
11 in this area
117 Total Sales
-
The Dinan Team
T
Seller's Agent in 2019
The Dinan Team
Coldwell Banker Realty - Weston
(617) 699-3407
7 in this area
35 Total Sales
-
john Lynch
j
Buyer's Agent in 2019
john Lynch
All-Bright Realty
2 Total Sales
-
Curtis Group
Seller's Agent in 2018
Curtis Group
Compass
(617) 470-3219
30 in this area
86 Total Sales
-
Jamie Curtis
J
Seller's Agent in 2016
Jamie Curtis
Compass
(617) 470-3219
10 in this area
21 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73061966
APN: CBOS-000000-000003-006390-000070
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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